The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, is the most sweeping federal tax legislation since the ...

What are the most common deductible business expenses? How can I claim a home office deduction? What is the difference between the standard mileage rate and actual expenses method for vehicle ...

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax ...

The rule has limitations, and the IRS has yet to provide clear guidance on how companies should report qualified overtime ...

Section 179 lets you deduct the full purchase price of qualifying business equipment bought and put into use during the year.

Long Island accountants explain how the One Big Beautiful Bill Act extends 2017 tax cuts, reinstates 100% bonus depreciation, and alters business deductions.

Many tax deductions, such as charitable donations and business supplies, are well known, but some are more obscure. With tax season upon us, here’s a look at how tax deductions work and three ...

Political donations from an LLC to candidates, PACs, or campaigns are not deductible. Charitable contributions by an LLC are ...

With the right strategies in place, it is possible to maximize the deduction and lock in significant, recurring savings.

Changes to the state and local tax (SALT) deduction in the so-called 'big beautiful bill' have put this tax break in the spotlight.

Charitable tax deductions are about to see the biggest changes in nearly a decade in 2026 thanks to President Donald Trump ’s ...

Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too ...